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Centre Advises Tinubu on How to Tame Soaring Inflation
Centre Advises Tinubu on How to Tame Soaring Inflation
By: Michael Mike
President Bola Tinubu has been advised to take a holistic approach at taming the soaring inflation in the country
A press statement on Tuesday by the Lead Director of the Centre for Social Justice, Eze Onyekpere said it has become imperative that Nigeria’s economic managers adopt a holistic approach to improving the economy/decelerate inflation.
Among the advised given for a leeway out of the present economic doldrums include “Increased productivity especially in the tradable and export-oriented sectors (including oil and gas as well as removing export trade barriers in the agriculture sector in the short run) can shore up our foreign exchange earnings which will improve the value for the Naira against major international currencies thereby limiting import induced inflation.
“Improving security of lives and property through the right political will that guarantee value for money in the provision of security services in Nigeria. It should be recalled that security has been given the highest budgetary allocations at the federal level in the last ten years. This will also improve agriculture’s contribution to the GDP and food production thereby limiting food inflation which has been the major driver of inflation over the last one year. Improved security will further lead to increased oil and gas production for export and local refining.
“Limit ways and means of funding of the federal budget to the statutory limit of not more than 5 percent of previous years’ actual revenue in accordance with S.38 of the Central Bank of Nigeria’s Act 2007.
“Implement a Nigeria First Local Content Policy in Federal and State Public Procurement to ensure that capital budget implementation do not put undue pressure on the Naira. Rather, capital budget implementation should create jobs, enhance local productivity and grow the economy, and
“Stop denying Nigerians access to their money, vis cash in banks as a means of mopping up what is considered excess liquidity. This is a fundamentally flawed measure for the reduction of inflation.”
Centre for Social Justice noted that rising prices is a symptom of the overall negative macroeconomic fundamentals and strong headwinds besetting the Nigerian economy, adding that beyond inflation, the Naira is losing value, poverty and unemployment is increasing; there have been massive factory closures, increasing insecurity and population growth figures that almost outpaced economic growth.
The Centre said that: “Furthermore, the short term and medium-term impact of economic reform measures (fuel subsidy removal and exchange rate unification) have not been properly articulated. The reforms were not accompanied by an evaluation/projection of their impact on the economy as well as countervailing measures necessary to limit their harsh effects on prices and other macroeconomic indicators.”
Centre Advises Tinubu on How to Tame Soaring Inflation
Zulum Appoints Engr Peter Samuel as General Manager BOSAMA
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, has approved the appointment of Engr Peter Samuel, MNSE, MNIAE, as the General Manager of Borno State Agricultural Mechanization Authority (BOSAMA).
In a statement by the Special Adviser to the Governor on Media, Dauda Iliya, the appointment was based on Engr Samuel’s outstanding professional competence, proven track record, and experience in agricultural engineering and mechanization.
The statement noted that Engr Samuel possesses the requisite qualifications, technical expertise and leadership capacity required to reposition BOSAMA in line with Governor Zulum’s agricultural transformation agenda.
The newly appointed General Manager is an Agricultural Engineer with academic, professional, administrative, and practical experience in agricultural mechanization, farm power and machinery, irrigation engineering, and agricultural infrastructure development.
He holds a Master of Engineering (M.Eng.) in Farm Power and Machinery from Joseph Sarwuan Tarka University, Makurdi (formerly the Federal University of Agriculture, Makurdi), a Postgraduate Diploma in Farm Management and Production Economics from Nasarawa State University, and a Bachelor of Engineering (B.Eng.) in Agricultural and Environmental Resources Engineering from the University of Maiduguri.
Engr Samuel has distinguished himself through years of meritorious service in teaching, research, agricultural engineering practice, and project implementation. He currently serves as a Lecturer in Farm Power and Machinery at Ramat Polytechnic, Maiduguri.
Over the years, he has held several strategic leadership positions, including General Manager of a commercial agricultural enterprise, Project Coordinator, Programme Coordinator, and Consultant on numerous agricultural development interventions implemented by reputable national and international organisations.
He is a member of the Nigerian Society of Engineers (NSE) and the Nigerian Institution of Agricultural Engineers (NIAE).
Governor Babagana Zulum congratulated the new General Manager on his appointment and urged him to deploy his wealth of knowledge, technical expertise, and experience in agricultural mechanization to strengthen the operations of BOSAMA
Zulum Appoints Engr Peter Samuel as General Manager BOSAMA
Troops Arrest Suspected Military Impostor in Katsina
By Zagazola Makama
Troops of 17 Brigade have arrested a suspected military impostor during a fighting patrol in Malumfashi Local Government Area.
Security sources told Zagazola Makama that the suspect was apprehended at about 1:30 p.m. on July 4 by troops deployed at the Forward Operating Base (FOB) Malumfashi while conducting routine patrols within Malumfashi town.
According to the sources, the suspect was intercepted while wearing a woodland camouflage three-quarter short, raising suspicion among the troops.
A search conducted on the suspect led to the recovery of a fake Nigerian Army identity card, four Automated Teller Machine (ATM) cards, one woodland camouflage three-quarter short, a wristwatch and the sum of ₦17,000.
The suspect and the recovered exhibits are currently in military custody pending further investigation.
Military sources said the arrest forms part of ongoing efforts to curb impersonation of security personnel and other criminal activities within the area.
Troops Arrest Suspected Military Impostor in Katsina
Troops Recover 50 Rustled Cattle, Repel Suspected Rustlers in Kaduna
By Zagazola Makama
Troops deployed at the Forward Operating Base (FOB) Kankomi have recovered 50 rustled cattle after repelling suspected cattle rustlers during an ambush operation in Chikun Local Government Area.
Security sources told Zagazola Makama that the troops responded to a distress call at about 9:55 a.m. on July 4 over the activities of suspected rustlers at Ungwan Gontu community.
According to the sources, the troops swiftly laid an ambush and made contact with the fleeing suspects, forcing them to abandon the stolen livestock and escape into the surrounding area.
During the operation, the troops recovered 50 rustled cattle, which were subsequently identified and handed over to their rightful owner.
Military sources said efforts are ongoing to track down the fleeing suspects as security operations continue to combat cattle rustling and other criminal activities across Kaduna State.
Troops Recover 50 Rustled Cattle, Repel Suspected Rustlers in Kaduna
Zulum Appoints Engr Peter Samuel as General Manager BOSAMA
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Troops Arrest Suspected Military Impostor in Katsina
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